Page 9 - Uk

Karnataka CM Bommai congratulates UK's Indian-origin PM-elect Rishi Sunak

Karnataka Chief Minister Basavaraj Bommai on Monday expressed his happiness over Rishi Sunak, a person of Indian origin set to become the Prime Minister of the United Kingdom. Talking to reporters in Shiggaon, Bommai said the British ruled India for over 200 years and they would have never expected such a big development. Today, Indians are on all fronts and have got elected as MPs in several countries. Now, Rishi Sunak has got elected as the new Britain PM. The wheel of fortune has turned completely, he opined. In a series of tweets, former Karnataka Chief Minister H D Kumaraswamy too congratulated Sunak, who is set to become the UK prime minister. "Hearty congratulations to Sri @RishiSunak, senior Conservative party leader & Britain's Prime Minister elect. He is connected to our Karnataka. I am overwhelmed with the election of Sri Rishi Sunak, son-in-law of Infosys founder Sri N R Narayanamurthy & Smt Sudha Murty," Kumaraswamy tweeted. "I am confident that Sri Rishi Sunak ...

Proud moment that UK will have Indian-origin PM, says Mehbooba Mufti

PDP president Mehbooba Mufti on Monday said it was a proud moment that Indian-origin Rishi Sunak was elected as the Prime Minister of the United Kingdom The former Jammu and Kashmir chief minister said while India rightly celebrates Sunak's elevation, it should also serve as a reminder that the Britain has accepted an ethnic minority member as its premier but we are still shackled by divisive and discriminatory laws like NRC and CAA." National Conference leader Omar Abdullah, who has a British mother, did not comment on the development but retweeted a tweet by George Osborne, the former chancellor of the Exchequer in the UK. "Rishi Sunak will be Prime Minister by the end of the day. Some think, like me, he's a solution to our problems; others think he's part of the problem. But whatever your politics, let's all celebrate the first British Asian becoming PM and be proud of our country where this can happen," Osborne said.

British Prime Minister-elect Rishi Sunak promises 'stability and unity'

Indian-origin Rishi Sunak, who will take over as Britain's prime minister from Liz Truss, on Monday promised stability and unity as his priority. The former chancellor, who won Tory leadership contest on Monday, is poised to walk through the door of 10 Downing Street in London after an audience with King Charles III in Buckingham Palace, which is likely to be on Tuesday. Besides being the first Hindu Prime Minister of Indian heritage, Sunak is also the youngest for around 200 years at 42 years. In his first address as Tory leader soon after the result was declared, Sunak said his priority would be to bring the country together and said he was "humbled and honoured" to get the greatest privilege of his life to give back to the country I owe so much. "The UK is a great country, but there is no doubt we face a profound economic challenge," said Sunak from the Conservative Party headquarters near Parliament in London. "We now need stability and unity and I will make it my utmost priori

Suella Braverman supports Rishi Sunak as 'unity' candidate for UK PM

Britain's recently-resigned Home Secretary Indian-origin Suella Braverman on Sunday came out in support of Rishi Sunak to replace outgoing Prime Minister Liz Truss as the candidate who can provide unity, stability and efficiency to the governing Conservatives. In a boost to frontrunner Sunak and a blow to former prime minister Boris Johnson's expected bid for Tory leadership, the former minister with significant support on the extreme right of Tory party said Johnson was no longer the best choice for the party or the country. Her intervention comes just days after her dramatic exit from Cabinet over a breach of the ministerial code and a scathing attack on Truss' leadership. We need unity, stability and efficiency. Rishi is the only candidate that fits the bill and I am proud to support him, she writes in The Daily Telegraph newspaper. I have backed Boris from the start. From running alongside him in London in 2012, to supporting him to be our leader in 2019 and willing him to succ

Rishi Sunak crosses minimum nomination threshold to contest in UK PM race

Rishi Sunak is quick off the mark to bid for the leadership of the Conservative Party and the British Prime Ministership having secured more than a hundred nominations

Rishi Sunak leads MP support, over halfway to threshold: Report

British minister Penny Mordaunt on Friday launched her bid to replace Liz Truss as prime minister, becoming the first Conservative lawmaker to announce they are running.

Boris Johnson, Rishi Sunak lead race to become UK's next prime minister

Boris Johnson and former finance minister Rishi Sunak were leading the potential contenders to replace British Prime Minister Liz Truss

Zara enters pre-owned clothing biz, offers repair, resale & donation svces

Zara is moving into the business of pre-owned clothing as the Spanish brand starts offering services for repair, resale and donations in the UK

Irish PM urges UK to support peace, stability in Northern Ireland

Irish Prime Minister Micheal Martin called on the British government to work together to support peace and stability in Northern Ireland (NI).

Here's why Liz Truss' tenure was so short as UK PM; and what's next

British Prime Minister Liz Truss took office last month with hopes and promises of reinvigorating the British economy and putting it on the path to long-term success. It didn't go to plan. Instead, Truss' tenure was scarred by turmoil as her economic policies threatened the country's financial stability, driving the pound to record lows, sparking chaos on bond markets and increasing mortgage costs for millions of people. Though Truss took office amid a cost-of-living crisis, the war in Ukraine and the lingering effects of the COVID-19 pandemic, her decision to announce 105 billion pounds ($116 billion) of tax cuts and spending increases without providing details on how she would pay for it unnerved investors, who warned of soaring public debt. That undermined confidence in the government's ability to pay its bills and raised questions about the economic credentials of a new prime minister who took office after a deeply divisive contest for leadership of the governing Conservative .

Liz Truss quits as UK Prime Minister after 45 days in office

Speaking outside the door of her Number 10 Downing Street office, Truss accepted that she could not deliver the promises she made when she was running for Conservative leader

Nominations open for new UK PM to replace Liz Truss; cut-off set at 100 MPs

The nominations for Conservative Party members planning to contest in the leadership election to replace Liz Truss as Tory leader and British Prime Minister officially opened on Thursday evening, with a high threshold of 100 members of Parliament set for the final shortlist. Graham Brady, chair of the 1922 Backbench Committee in charge of Tory elections, said that potential candidates are expected to file their nominations by 2 pm local time on Monday for a final two contestants to be shortlisted. Unless there is parliamentary consensus struck around a single candidate, the final two will be put up for an expedited online voting process before the wider Tory party membership to be concluded by October 28. It [100 MPs] should be achievable by any serious candidate, who has a realistic prospect of going through," said Brady, as he confirmed the likelihood of three possible candidates emerging, given the 357 Tory MPs in the House of Commons. "It is up to the Members of Parliament whet

Amazon faces $1 billion class action lawsuit in UK over Buy Box feature

Amazon is facing a USD 1 billion class action lawsuit in the U.K. over allegations it uses an algorithm to favour its own products and those of third-party sellers who use its storage and delivery services. The litigation is being spearheaded by the law firm Hausfeld & Co LLP, which said in a news release that anyone who lives in the U.K. and made purchases on Amazon since October 2016 is eligible to be a claimant. The suit is expected to be filed at the Competition Appeal Tribunal in London by the end of October. The lawsuit will focus primarily on Amazon's Buy Box feature, a coveted spot that makes items more visible to shoppers and thereby lead to more sales for merchants listed there. The box features a product from a single seller, though many more might offer the same item. In the news release, the law firm detailed it will allege many users wrongly assume the buy box offers them the best deals, but Amazon uses a secretive algorithm to feature its own products or those sold .

Wall Street gains as upbeat corporate forecasts boost sentiment

IBM up as it sees higher full-year sales; Dow Inc jumps after beating Q3 estimates; Tesla expects to miss vehicle delivery target this year; AT&T raises annual profit forecast, Verizon gains

UK FTA deadline depends on talks: Commerce secretary Sunil Barthwal

Deadline for agreement will depend on talks, he says as Diwali timeline goes by

UK's third female PM Liz Truss leaves office without India trade deal prize

Britain's third female Prime Minister, Liz Truss, is out of office on Thursday after one of the shortest tenures at 10 Downing Street in London and without a cherished India-UK free trade agreement (FTA) under her belt as a Brexit prize. Truss, who until Wednesday insisted in Parliament that she was a "fighter and not a quitter", resigned after just six weeks after her position became untenable after a series of policy U-turns, Cabinet upheavals and an open revolt against her ability to lead a deeply divided Conservative Party. Truss, who in her innings as foreign and trade minister batted for stronger bilateral ties with India, took charge at 10 Downing Street last month after defeating Indian-origin ex-chancellor Rishi Sunak in the Conservative Party leadership race. The 47-year-old was faced with one of the toughest in-trays in the top job as a result of the spiralling cost-of-living crisis in the country, which rivalled any of the issues faced by her women predecessors in office

Blow to UK PM Liz Truss: Chief Whip Wendy Morton reportedly resigns

In yet another blow to UK Prime Minister Liz Truss after Home Secretary Suella Braverman on Wednesday tendered her resignation, it is alleged that Chief Whip Wendy Morton resigned

Braverman resigns as UK interior minister with veiled criticism of Truss

The departure of Braverman, over a 'technical' breach of government rules, means Truss has now lost two of her most senior ministers in less than a week

'Eager' to secure trade deal with India, says UK's Home Secretary Braverman

Home Secretary Suella Braverman has said the UK is "eager" to secure a trade deal with India to boost both economies and that Brexit has meant that Britain no longer has a Eurocentric mindset towards trade or visas, days after she caused a stir with her "concerns" over what she feared could be an "open borders" approach in the ongoing trade talks with India. Addressing a Diwali event organised by UK-based India Global Forum (IGF) here on Tuesday evening, the Indian-origin Cabinet minister spoke of being a proud member of the British Indian community and hailed the contribution made by the Indian diaspora to British life. In an apparent effort to override her recent controversial remarks about Indians forming the largest group of visa overstayers, the minister said the UK's villages, towns and cities have been profoundly enriched by immigration from India. "Naturally, there is an economic imperative for our countries to work together, which is why we are so eager to secure a trade ..

UK PM Liz Truss faces test in Parliament over economic plan, seeks lifeline

British Prime Minister Liz Truss faces a House of Commons grilling Wednesday from a hostile opposition and her own furious Conservative Party as she tries to fend off calls to quit over her botched economic plan. Truss is set to attend the weekly Prime Minister's Questions session two days after newly appointed Treasury chief Jeremy Hunt ripped up the tax-cutting package unveiled by the prime minister's new government less than a month ago. The package of unfunded tax cuts announced Sept. 23 sparked turmoil on financial markets, hammered the value of the pound and increased the cost of U.K. government borrowing. The Bank of England was forced to intervene to prevent the crisis spreading to the wider economy and putting pensions at risk. Under intense political and economic pressure, Truss last week fired her ally Kwasi Kwarteng as Treasury chief, replacing him with Cabinet veteran Hunt. On Monday Hunt scrapped almost all of Truss' tax cuts, along with her flagship energy policy an